STOCK TITAN

[Form 4] BLACKROCK CA MUNICIPAL INC TR Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Trex Company, Inc. (TREX) – Form 4 filing dated 07 July 2025

Senior Vice-President & Chief Human Resources Officer Jacob T. Rudolph reported the purchase of 66 shares of Trex common stock at $46.22 per share on 03 July 2025 under the company’s Amended and Restated 1999 Employee Stock Purchase Plan. The transaction increases his direct holdings to 27,593 shares. No derivative transactions were reported. The filing is a single-person submission and does not amend prior reports.

The dollar value of the trade is roughly $3,050, representing an immaterial fraction of Trex’s market capitalization; however, insider purchases can signal executive confidence, particularly when they occur in the open market rather than via automatic option exercises.

Trex Company, Inc. (TREX) – Comunicazione Form 4 datata 07 luglio 2025

Il Senior Vice President e Chief Human Resources Officer Jacob T. Rudolph ha segnalato l'acquisto di 66 azioni ordinarie Trex al prezzo di $46,22 per azione in data 03 luglio 2025, nell'ambito del Piano di Acquisto Azionario per Dipendenti modificato e rinnovato del 1999. L'operazione porta il suo possesso diretto a 27.593 azioni. Non sono state riportate transazioni su strumenti derivati. La comunicazione riguarda una singola persona e non modifica precedenti segnalazioni.

Il valore dell'operazione è di circa $3.050, una quota trascurabile rispetto alla capitalizzazione di mercato di Trex; tuttavia, gli acquisti da parte degli insider possono indicare fiducia da parte dei dirigenti, soprattutto quando avvengono sul mercato aperto e non tramite esercizi automatici di opzioni.

Trex Company, Inc. (TREX) – Presentación del Formulario 4 con fecha 07 de julio de 2025

El Vicepresidente Senior y Director de Recursos Humanos, Jacob T. Rudolph, reportó la compra de 66 acciones comunes de Trex a $46.22 por acción el 03 de julio de 2025 bajo el Plan de Compra de Acciones para Empleados Modificado y Reestablecido de 1999 de la compañía. La transacción incrementa su tenencia directa a 27,593 acciones. No se reportaron transacciones derivadas. La presentación corresponde a una persona y no modifica reportes anteriores.

El valor en dólares de la operación es aproximadamente $3,050, representando una fracción insignificante de la capitalización de mercado de Trex; sin embargo, las compras por parte de insiders pueden indicar confianza ejecutiva, especialmente cuando se realizan en el mercado abierto y no mediante ejercicios automáticos de opciones.

Trex Company, Inc. (TREX) – 2025년 7월 7일자 Form 4 제출

수석 부사장 겸 최고 인사 책임자인 Jacob T. Rudolph가 2025년 7월 3일 회사의 1999년 개정 및 재정립된 직원 주식 구매 계획에 따라 Trex 보통주 66주를 주당 $46.22에 매입했다고 보고했습니다. 이번 거래로 그의 직접 보유 주식은 27,593주로 증가했습니다. 파생상품 거래는 보고되지 않았습니다. 이번 제출은 단독 제출이며 이전 보고서를 수정하지 않습니다.

거래 금액은 약 $3,050로 Trex의 시가총액에 비해 미미한 비중이지만, 내부자 매입은 특히 자동 옵션 행사 대신 공개 시장에서 이루어질 때 경영진의 신뢰를 나타낼 수 있습니다.

Trex Company, Inc. (TREX) – Dépôt du Formulaire 4 daté du 7 juillet 2025

Le Vice-Président Senior et Directeur des Ressources Humaines, Jacob T. Rudolph, a déclaré l'achat de 66 actions ordinaires Trex au prix de 46,22 $ par action le 3 juillet 2025, dans le cadre du Plan d'Achat d'Actions Employés modifié et révisé de 1999 de la société. Cette opération porte sa détention directe à 27 593 actions. Aucune transaction sur dérivés n'a été signalée. Le dépôt concerne une seule personne et ne modifie pas les rapports antérieurs.

La valeur de la transaction est d'environ 3 050 $, représentant une part insignifiante de la capitalisation boursière de Trex ; toutefois, les achats d'initiés peuvent témoigner de la confiance des dirigeants, surtout lorsqu'ils se font sur le marché libre plutôt que par l'exercice automatique d'options.

Trex Company, Inc. (TREX) – Form 4 Einreichung vom 07. Juli 2025

Senior Vice President und Chief Human Resources Officer Jacob T. Rudolph meldete den Kauf von 66 Aktien der Trex-Stammaktien zu je $46,22 am 03. Juli 2025 im Rahmen des geänderten und neu gefassten Mitarbeiteraktienkaufplans von 1999. Die Transaktion erhöht seinen direkten Bestand auf 27.593 Aktien. Es wurden keine Derivatgeschäfte gemeldet. Die Einreichung betrifft eine Einzelperson und ändert keine vorherigen Meldungen.

Der Wert des Handels beträgt etwa $3.050, was einen unbedeutenden Anteil an der Marktkapitalisierung von Trex darstellt; Insider-Käufe können jedoch auf das Vertrauen der Führungskräfte hinweisen, insbesondere wenn sie auf dem freien Markt und nicht durch automatische Optionsausübungen erfolgen.

Positive
  • Insider purchase by a senior executive can indicate incremental confidence in Trex’s prospects.
  • Increased ownership aligns executive incentives more closely with shareholder interests.
Negative
  • None.

Insights

TL;DR: Modest insider purchase; signal positive but financially immaterial.

The buy involves only 66 shares (~$3k), so it will not affect the share count or financial statements. Nevertheless, insider buying—especially by senior management—can indicate incremental confidence in near-term fundamentals. Because the acquisition occurred through the Employee Stock Purchase Plan, the discount (typically up to 15%) may have influenced participation. The executive now holds 27.6k shares, aligning incentives with shareholders, but the size of the purchase limits market impact.

TL;DR: Governance-friendly alignment move; negligible economic impact.

Regular participation in the ESPP suggests management engagement and fosters staff-level ownership culture. The filing discloses no 10b5-1 plan usage, implying discretionary buying. While such transactions support governance best practices, investors should not over-interpret the signal given the minimal share count.

Trex Company, Inc. (TREX) – Comunicazione Form 4 datata 07 luglio 2025

Il Senior Vice President e Chief Human Resources Officer Jacob T. Rudolph ha segnalato l'acquisto di 66 azioni ordinarie Trex al prezzo di $46,22 per azione in data 03 luglio 2025, nell'ambito del Piano di Acquisto Azionario per Dipendenti modificato e rinnovato del 1999. L'operazione porta il suo possesso diretto a 27.593 azioni. Non sono state riportate transazioni su strumenti derivati. La comunicazione riguarda una singola persona e non modifica precedenti segnalazioni.

Il valore dell'operazione è di circa $3.050, una quota trascurabile rispetto alla capitalizzazione di mercato di Trex; tuttavia, gli acquisti da parte degli insider possono indicare fiducia da parte dei dirigenti, soprattutto quando avvengono sul mercato aperto e non tramite esercizi automatici di opzioni.

Trex Company, Inc. (TREX) – Presentación del Formulario 4 con fecha 07 de julio de 2025

El Vicepresidente Senior y Director de Recursos Humanos, Jacob T. Rudolph, reportó la compra de 66 acciones comunes de Trex a $46.22 por acción el 03 de julio de 2025 bajo el Plan de Compra de Acciones para Empleados Modificado y Reestablecido de 1999 de la compañía. La transacción incrementa su tenencia directa a 27,593 acciones. No se reportaron transacciones derivadas. La presentación corresponde a una persona y no modifica reportes anteriores.

El valor en dólares de la operación es aproximadamente $3,050, representando una fracción insignificante de la capitalización de mercado de Trex; sin embargo, las compras por parte de insiders pueden indicar confianza ejecutiva, especialmente cuando se realizan en el mercado abierto y no mediante ejercicios automáticos de opciones.

Trex Company, Inc. (TREX) – 2025년 7월 7일자 Form 4 제출

수석 부사장 겸 최고 인사 책임자인 Jacob T. Rudolph가 2025년 7월 3일 회사의 1999년 개정 및 재정립된 직원 주식 구매 계획에 따라 Trex 보통주 66주를 주당 $46.22에 매입했다고 보고했습니다. 이번 거래로 그의 직접 보유 주식은 27,593주로 증가했습니다. 파생상품 거래는 보고되지 않았습니다. 이번 제출은 단독 제출이며 이전 보고서를 수정하지 않습니다.

거래 금액은 약 $3,050로 Trex의 시가총액에 비해 미미한 비중이지만, 내부자 매입은 특히 자동 옵션 행사 대신 공개 시장에서 이루어질 때 경영진의 신뢰를 나타낼 수 있습니다.

Trex Company, Inc. (TREX) – Dépôt du Formulaire 4 daté du 7 juillet 2025

Le Vice-Président Senior et Directeur des Ressources Humaines, Jacob T. Rudolph, a déclaré l'achat de 66 actions ordinaires Trex au prix de 46,22 $ par action le 3 juillet 2025, dans le cadre du Plan d'Achat d'Actions Employés modifié et révisé de 1999 de la société. Cette opération porte sa détention directe à 27 593 actions. Aucune transaction sur dérivés n'a été signalée. Le dépôt concerne une seule personne et ne modifie pas les rapports antérieurs.

La valeur de la transaction est d'environ 3 050 $, représentant une part insignifiante de la capitalisation boursière de Trex ; toutefois, les achats d'initiés peuvent témoigner de la confiance des dirigeants, surtout lorsqu'ils se font sur le marché libre plutôt que par l'exercice automatique d'options.

Trex Company, Inc. (TREX) – Form 4 Einreichung vom 07. Juli 2025

Senior Vice President und Chief Human Resources Officer Jacob T. Rudolph meldete den Kauf von 66 Aktien der Trex-Stammaktien zu je $46,22 am 03. Juli 2025 im Rahmen des geänderten und neu gefassten Mitarbeiteraktienkaufplans von 1999. Die Transaktion erhöht seinen direkten Bestand auf 27.593 Aktien. Es wurden keine Derivatgeschäfte gemeldet. Die Einreichung betrifft eine Einzelperson und ändert keine vorherigen Meldungen.

Der Wert des Handels beträgt etwa $3.050, was einen unbedeutenden Anteil an der Marktkapitalisierung von Trex darstellt; Insider-Käufe können jedoch auf das Vertrauen der Führungskräfte hinweisen, insbesondere wenn sie auf dem freien Markt und nicht durch automatische Optionsausübungen erfolgen.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Saba Capital Management, L.P.

(Last) (First) (Middle)
405 LEXINGTON AVENUE
58TH FLOOR

(Street)
NEW YORK NY 10174

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST [ BFZ ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/02/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/02/2025 S 33,982 D $10.85 4,658,735 I -
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Saba Capital Management, L.P.

(Last) (First) (Middle)
405 LEXINGTON AVENUE
58TH FLOOR

(Street)
NEW YORK NY 10174

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Weinstein Boaz

(Last) (First) (Middle)
405 LEXINGTON AVENUE
58TH FLOOR

(Street)
NEW YORK NY 10174

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
Saba Capital Management, L.P. By: Zachary Gindes 07/07/2025
Boaz Weinstein 07/07/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Trex (TREX) shares did the executive buy?

Jacob T. Rudolph purchased 66 shares of Trex common stock.

At what price were the TREX shares purchased?

The shares were acquired at $46.22 per share.

What is the executive’s total TREX shareholding after the transaction?

Following the purchase, Rudolph directly owns 27,593 TREX shares.

Was the transaction part of a 10b5-1 trading plan?

No. The filing does not indicate that a Rule 10b5-1 plan was used.

What plan facilitated the purchase of TREX shares?

The shares were bought through the Amended and Restated 1999 Employee Stock Purchase Plan.
BlackRock CA Municipal Income

NYSE:BFZ

BFZ Rankings

BFZ Latest News

BFZ Latest SEC Filings

BFZ Stock Data

325.59M
30.06M
30.15%
0.03%
Asset Management
Financial Services
Link
United States
New York